We expect IDX to trade sharply lower this morning but it may get intraday rebound on the second session today as global sell-offs not backed by fundamental reasons. In fact, US 10- year Government bond yield dropped 11 basis points at 2.73% this morning.

CPIN

Buy on Weakness

S2

S1

Level

R1

R2

3,000

3,610

3,250

3,380

3,560

CPIN closed the session lower with a long black candle formation near its diagonal support indicating a limited downside potential.

ELSA

Buy On Weakness

S2

S1

Level

R1

R2

372

394

426

458

480

ELSA closed the session lower near diagonal support with a thin volume suggesting a limited downside potential.

ISAT

Sell On Strength

S2

S1

Level

R1

R2

5,000

5,300

5,475

5,650

5,950

ISAT closed the session lower with a bearish engulfing
formation suggesting a further downturn.

SRIL

Buy On Weakness

S2

S1

Level

R1

R2

358

370

376

386

404

SRIL ended the trading negatively near diagonal support with a thin volume and open gap down that could dampen a further downside movement.